One of the key revision and decision areas that business, legal, and IT professionals in the eDiscovery ecosystem are currently having to consider is how they plan for and execute the core eDiscovery task of review in today’s new world. From review market sizing to remote review decisions, the following update provides context and considerations that may be helpful for eDiscovery decision-makers as they consider the critical eDiscovery task of review during 2020.
From a macro look at past estimations of eDiscovery market size from 2012 through 2019, and projected estimations of market size for 2020 through 2024, we see strong and consistent double-digit growth rates for the market as a whole as well as for both services and software segments.
While the Compound Annual Growth Rate (CAGR) for worldwide eDiscovery software and services slows, the overall size of the market continues to grow with estimates for the overall market to exceed $20B in 2024. This year’s annual eDiscovery Market Size Mashup estimates the combined worldwide eDiscovery software and services market spend in 2019 to be approximately $11.23B, growing at a Compound Annual Growth Rate (CAGR) of approximately 12.93% to $20.63B by 2024.
The annual eDiscovery Market Size Mashup estimates the combined worldwide eDiscovery software and services market spend in 2018 to be approximately $10.11B, growing at a Compound Annual Growth Rate (CAGR) of approximately 13.09% to $18.7B by 2023.
Taken from a combination of public market sizing estimations as shared in leading electronic discovery reports, publications and posts over time, the following eDiscovery Market Size Mashup shares general worldwide market sizing considerations for software and services in the electronic discovery market for the years between 2017 and 2022.
Taken from a combination of public market sizing estimations as shared in leading electronic discovery reports, publications and posts over time, the following eDiscovery Market Size Mashup shares general worldwide market sizing considerations for software and services in the electronic discovery market for the years between 2016 and 2021.
Taken from a combination of public market sizing estimations as shared in leading electronic discovery reports, publications and posts over time, the following eDiscovery Market Size Mashup shares general worldwide market sizing considerations for software and services in the electronic discovery market for the years between 2015 and 2020.
Taken from a combination of public market sizing estimations as shared in leading electronic discovery reports, publications and posts over time, the following eDiscovery Market Size Mashup shares general worldwide market sizing considerations for software and services in the electronic discovery market for the years between 2014 and 2019.
Taken from a combination of public market sizing estimations as shared in leading electronic discovery reports, publications and posts over time, the following eDiscovery Market Size Mashup shares general worldwide market sizing considerations for both the software and service areas of the electronic discovery market for the years between 2013 and 2018.
Taken from a combination of public market sizing estimations as shared in leading electronic discovery reports, publications and posts over time, the following eDiscovery Market Size Mashup shares general worldwide market sizing considerations for both the software and service areas of the electronic discovery market for the years between 2012 and 2017.
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